We are accustomed to describing a solution in terms of the concentration of the one or more solutes. However,manyoftheimportantphysicalpropertiesofasolutiondependmoredirectly
Endowment plan is a combination of insurance and investment. In term plan which is a pure insurance there is no maturity benefit. It means if a person dies during the term of policy then only his beneficiaries will get some money otherwise at maturity, at the end of the term there is no benefit.
A Modified Endowment Contract (MEC) is a life insurance policy that has had cumulative premium payments made during the first seven years that exceed a limit defined in the tax code. This limit is called the 7-pay limit and depends in part on the amount of the policy's death benefit and the age of the insured.